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Jan 30, 2013
01/13
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people were caught short the euro, meaning they had to buy the euro to cover their short positions. that propelled euro higher, to a figure of 1.3588 today, was the high. it will continue the momentum up. there aren't a lot of people at this point willing to stand in front of the trade and also because people missed the trade, they're going to try to jump in on this momentum and try to catch some of this revenue now. i'd like to be long at 1.3550. i'd like to target 1.3750 and just put a stop on 1.3450, a short-term trade. >> amelia, see you friday for "money in motion". time not for pops and drops. we kick it off with a drop for u.s. steam, down 4%. steve? >> really feels like everyone's throwing the kitchen sink at u.s. steel. everyone is so negative in the space. it's really the china trade for me. i don't think it's going to be that bad. i'd be a buyer. >> dr horton, a drop today, 3%. dan? >> after being up 12% yesterday on better than expected earnings. making new five-year high highs. they are going to have $7 million in debt. just take a little bit of that move. >> a pop for
people were caught short the euro, meaning they had to buy the euro to cover their short positions. that propelled euro higher, to a figure of 1.3588 today, was the high. it will continue the momentum up. there aren't a lot of people at this point willing to stand in front of the trade and also because people missed the trade, they're going to try to jump in on this momentum and try to catch some of this revenue now. i'd like to be long at 1.3550. i'd like to target 1.3750 and just put a stop...
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Jan 24, 2013
01/13
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. >> the euro is really interesting here. every other country out there views the weak dollar as a problem except for the ecp. this is insanity on their part. even the bank of canada backed down on their hawkish commentary. the only country not doing this for the area is the eurozone. so this is awesome. even euro aussie fell quite a bit. then the little question of the uk pulling out of the eurozone. that's helping the euro stand tall even though these other currencies weakened quite a bit. >> what about the other levels? you weaken the chart and that is not far from 135. what kind of trade do you want to make? >> right. a real short term one and based on the ltro bank pay back tomorrow that we get out of the ecp. basically the mark set looking for a hundred billion on this. if it is above 125 if it is above above euros. so i will take a chance this things goes up so i want it buy at 133.25 and look for 150 point on the upside. again, short term trade. the ecb doesn't get it and should not be talking a stronger euro. >> you
. >> the euro is really interesting here. every other country out there views the weak dollar as a problem except for the ecp. this is insanity on their part. even the bank of canada backed down on their hawkish commentary. the only country not doing this for the area is the eurozone. so this is awesome. even euro aussie fell quite a bit. then the little question of the uk pulling out of the eurozone. that's helping the euro stand tall even though these other currencies weakened quite a...
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Jan 23, 2013
01/13
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the euro fell to $1.32 in intraday trading. there was speculation he was selling the euro, that expect investor. david: a huge day for apple, which of course is in most peoples portfolipeople's portfor another. in the pits of the cme, and our market panel to talk over apple and all the other news of the day. jerry leavy and david wright, managing director at sierra investment management. tim at the cme. i would say everybody is focused on apple right now. what are expectations in chicago? >> everybody is focused, but i am not so sure it is this quarter. what they will do for the quarter and in march. it will really be key, specifically apple lowers expectations, but the concern is they might not get away with it this time. having said that, why i say this quarter may not be so big. they were originally looking for $11.77 or sure. they have already raised estimates, the report the other day now expectations are a little bit for this quarter, so watch the march quarter. the guidance they give will be the focus. sandra: we're also
the euro fell to $1.32 in intraday trading. there was speculation he was selling the euro, that expect investor. david: a huge day for apple, which of course is in most peoples portfolipeople's portfor another. in the pits of the cme, and our market panel to talk over apple and all the other news of the day. jerry leavy and david wright, managing director at sierra investment management. tim at the cme. i would say everybody is focused on apple right now. what are expectations in chicago?...
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Jan 29, 2013
01/13
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clearly the euro has not backed off its really even though the euro yen came with it. euro puts in new highs, bumping up against 135. i would say because the politicians in europe, specifically the central bank, keeps saying it's okay to strengthen, let's go with that. >> okay. so what levels are we talking about here for a good trade? >> so last friday on the show, we said buy euros at 12435. that's working out great. i'm trying to put in a momentum trade for you momentum traders. buy a break at 135, by 1.3510. leave a stop at 13475 and look for 13610 on the upside. tomorrow, weedman speaks, a strong ad hoc proponent of the euro. you have positive risks if we start to go up and i love it for a trade. >> andy, great stuff. that's why we have you on. >> all right, scott. >> you can see much more currency trading on money in motion. that is every friday at 5:30 p.m. eastern time. when you, the the viewers, ask, we deliver here on halftime with trades on four stocks that lit up my twitter feed. halliburtonon, timber, vale, plum correct. >> halliburtonon, energy. we want t
clearly the euro has not backed off its really even though the euro yen came with it. euro puts in new highs, bumping up against 135. i would say because the politicians in europe, specifically the central bank, keeps saying it's okay to strengthen, let's go with that. >> okay. so what levels are we talking about here for a good trade? >> so last friday on the show, we said buy euros at 12435. that's working out great. i'm trying to put in a momentum trade for you momentum traders....
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Jan 14, 2013
01/13
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euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by solvency. >> we had a lot of european officials coming out of late saying things are improving, that the worst is over, the crisis for the euro. we had them saying last week they were better than a year ago. >> i would like to see their change on the debt. >> more spending cuts. >> is there a large american bank that is not reporting this week? i mean, the number of banks coming out over the next two days -- [ bell ringing ] >> harry winston, this is a swiss company buying an american company. these are the things that we maybe give you perspective. i know that may be too
euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by...
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Jan 31, 2013
01/13
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mean they could pull out of the euro. could that be the catalyst for this alliance essentially to fall apart? >> well, david cameron did last week pledge a u.k. referendum on membership in the european union to be held in 2017, provided of course the conservatives win an outright majority in the 2015 general election. that of course is a big if. ashley: yeah. >> i would expect to see over the next two or three years potentially a number of members of the eurozone peeling away from it. in particular i think that greece, portugal, spain, perhaps italy may all fall away from the eurozone. the current situation with regard to spain, for example, is completely unsustainable. the spanish simply can in the survive i think in the euro as currently constituted. it really is a straightjacket which makes it extremely difficult actually for individual eurozone nation states to decide their own economic future. after all, the euro is a huge straitjacket and imposes all kind of restrictions upon national sovereignty. after all interest
mean they could pull out of the euro. could that be the catalyst for this alliance essentially to fall apart? >> well, david cameron did last week pledge a u.k. referendum on membership in the european union to be held in 2017, provided of course the conservatives win an outright majority in the 2015 general election. that of course is a big if. ashley: yeah. >> i would expect to see over the next two or three years potentially a number of members of the eurozone peeling away from...
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Jan 2, 2013
01/13
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>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings agencies. i'm not sure the u.k. can to the same extent. >> if you're saying there's a yield story there and you want a relative safe haven, then guilds are 1.9%, better than, you know, other things yielding less. >> yes. >> if you want that relative security. >> and we have relatively higher rates. we will continue to have some. when i go to investors about sterling in london, i can talk to private banks all over the west end who have wealthy individuals looking to "fast money" into the pound. and shows who want to go to the pound because i think the credit rating's out
>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings...
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Jan 14, 2013
01/13
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an entirely new pursuit. >>> the euro trading at 11-month highs. is your best buy to back the greenback. as we head into fiscal cliff 2.0, is the u.s. dollar no longer going to be a safe haven? that's what we saw with the original fiscal cliff debate. >> i think with the -- where we are starting 2013, i think a lot of the uncertainty has been taken off the table. so, therefore, the need for the dollar to be a safe haven asset has been reduced. i still think there's a lot of trouble or a lot of potential issues on the horizon, but we no longer have tax uncertain tips in the near term in the u.s. some of the bottom in europe has been taken away with the ecb and their current actions. we've seen yields falling throughout europe. so, i think it's more about the overall global sentiment being better than the dollar just being a risk on or risk off currency. >> we did have a lot of finance ministers of late talking about behind us. schobel saying something to that effect. so, you actually want to go in and buy euro-u.s. dollar on a dip? >> yes, i do. if
an entirely new pursuit. >>> the euro trading at 11-month highs. is your best buy to back the greenback. as we head into fiscal cliff 2.0, is the u.s. dollar no longer going to be a safe haven? that's what we saw with the original fiscal cliff debate. >> i think with the -- where we are starting 2013, i think a lot of the uncertainty has been taken off the table. so, therefore, the need for the dollar to be a safe haven asset has been reduced. i still think there's a lot of...
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Jan 31, 2013
01/13
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. >>> the hottest trend is the euro jumping to its highest level since the buck since 2011. how will tomorrow's data impact the trade? we bring in paul richards of ubs. welcome back, always a preleasu. >> hi, how are you? >> i'm good. it's a remarkably resilient trade. >> this was the death stock a year ago, wasn't it? it's been quite a bounce. look, the thing with the euro, the only reason it's not going any higher right now is that it's just sticker shock that if you just sit back a little bit and think about why it's here there's some pretty good reasons. you've got draghi ain davos sounding upbeat, saying 2012 is a big launch of the currency, that's a big statement. the european banks are repaying their ltro loans including the spanish banks considered to be in a lot of trouble. european exporters are very underweight, selling product but need to buy euro to hedge their currency and the german two-year bunde starting to outpace the u.s. treasury, that's typically a good sign the currency is going up so there's pretty good reasons to buy the euro. people are scared to buy
. >>> the hottest trend is the euro jumping to its highest level since the buck since 2011. how will tomorrow's data impact the trade? we bring in paul richards of ubs. welcome back, always a preleasu. >> hi, how are you? >> i'm good. it's a remarkably resilient trade. >> this was the death stock a year ago, wasn't it? it's been quite a bounce. look, the thing with the euro, the only reason it's not going any higher right now is that it's just sticker shock that if...
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Jan 4, 2013
01/13
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the euro turns 14 today. happy birthday, euro. has it been a success? what would it cost you, and i'm not just talking about the initial outlay, but upkeep, garden webs staff, dresses, everything that goes with it, well talk about that with robert frank as well. back to you on "power lunch." >> can't wait for that one, mandy. thank you very much. this is a booming section of the tobacco industry. none other than the electronic cigarettes. it is making cigarettes more life like and big tobacco is taking notice in a big way. jane wells is in los angeles with more. hi, jane. >> hi, sue. for those of you trying to quit smoking this year, big tobacco's not worried. it is investing in a solution to your resolution, competing with a diverse group of tech startups. >> who's got my god [ bleep ] cigarette. >> james cameron took heat for having his character played by sigourney weaver in "avatar" smoke. >> john cameron bag ceo of safecig, to build a product becoming ever closer to recreating the experience of smoking without the carcniogen. >> they still inhale n
the euro turns 14 today. happy birthday, euro. has it been a success? what would it cost you, and i'm not just talking about the initial outlay, but upkeep, garden webs staff, dresses, everything that goes with it, well talk about that with robert frank as well. back to you on "power lunch." >> can't wait for that one, mandy. thank you very much. this is a booming section of the tobacco industry. none other than the electronic cigarettes. it is making cigarettes more life like...
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Jan 25, 2013
01/13
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he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good fall back into a problem again. >> well, that's a good question. but what we're hearing is this new buzz phrase out of davos, which is gsp. >> what is that? >> global stability put. i think larry summers may have been the one to coin this phrase. i heard it this morning when i met with a bunch of central bankers at a breakfast this morning. this phrase keeps coming up. the idea you have japan, you have the european central bank and you now have the fed obviously full throttle on monetary policy, underpinning and, you know, we meet here now
he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good...
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Jan 30, 2013
01/13
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dollar has weakened both the euro and the yen. the euro is above 135. >> how much of what happened is directly related to congressional policies. a lot of people thinking we may not resolve this fiscal cliff until this week. how much was just a fewer -- i can't do a thing until washington resolves this. >> you talked about it endlessly. >> yeah, endlessly. >> we didn't see it in consumer spending. >> big inventory contraction. i think a lot of this was, i can't handle anything until i know -- it's sandy and washington. washington played a major role. i think the republicans and democrats finally realized they were killing this economy and they've gotten together, and now we're seeing things go up. [ bell ringing ] >> a law firm marking its pro bono project in human trafficking in america. all right. a lot of interesting movements here. we're seeing shares of research in motion higher by about 2.3%. in the past two days, sold off. a little bit of selling prior to the event. >> incredible how clever the market is. now people say, i'
dollar has weakened both the euro and the yen. the euro is above 135. >> how much of what happened is directly related to congressional policies. a lot of people thinking we may not resolve this fiscal cliff until this week. how much was just a fewer -- i can't do a thing until washington resolves this. >> you talked about it endlessly. >> yeah, endlessly. >> we didn't see it in consumer spending. >> big inventory contraction. i think a lot of this was, i can't...
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Jan 11, 2013
01/13
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let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick. let's check out the latest in energy, metals. sharon epperson, nymex. >> oil prices pulling back, jim, but that's after reaching multi-month highs. we had the brent crude contract reach a three-month high yesterday. wti at a four-month high. a lot of this had to do in terms of the gains we saw yesterday with the report that the saudis have cut their oil production in december significantly. today's news is focusing on the spread between the two, which has come in significantly as right now around $17. of course, the energy department this week saying they believe it will ave
let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick....
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Jan 2, 2013
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euro growth is still weak. once the risk compression trade has run its course, i think it will be that trend taking over again. so around 1.34 i would sell again. >> as you look into 2013, do you see a european crisis? do you see the ecb essentially having to come into the markets? was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional steps. that will drive the euro gradually lower. >> gradually lower, but not a crash. >> not a crash like we saw in the summer. >> interesting. thank you for your time. >> thanks so much. >> for more currency trades, be sure to catch "money in motion" on friday at 5:30 with melissa. if you want more educational currencies, go to currencyclash @money in month. >> the fiscal cliff that was almost not. what it means for the players in health care. the ceo of athena health joins us in 15 minutes' time. tdd# 1-800-345-2550 you should've seen
euro growth is still weak. once the risk compression trade has run its course, i think it will be that trend taking over again. so around 1.34 i would sell again. >> as you look into 2013, do you see a european crisis? do you see the ecb essentially having to come into the markets? was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional...
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Jan 17, 2013
01/13
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if you look at the euro versus the dollars, wow, euro is screaming today. you look at the euro/yen, that's screaming as well. the dollar/yen is screaming as well. so the dynamic of the yen continuing to be under pressure. will this be a huge move? many think, if you talk to some of the japanese officials, they're say it's just getting back to a reality after the end was pretty much decimated about a year ago with respect to too strong relative to the other currencies. no matter how you slice it, all that meats is where we are now and where we're going in the future. >> thank you we'll find out the latest movements in energy. sharon, take it over. >> it's all about algeria. a lot of traders are paying attention to the ongoing hostage situation at the gas field where islamist militants had attacked that facility and still holding some folks hostage there. we have learned from the algerian news agency that about 45 hostages, including some americans had escaped the complex, but still bp is confirming that the situation remains unresolved. it tellses it has con
if you look at the euro versus the dollars, wow, euro is screaming today. you look at the euro/yen, that's screaming as well. the dollar/yen is screaming as well. so the dynamic of the yen continuing to be under pressure. will this be a huge move? many think, if you talk to some of the japanese officials, they're say it's just getting back to a reality after the end was pretty much decimated about a year ago with respect to too strong relative to the other currencies. no matter how you slice...
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Jan 25, 2013
01/13
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the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment strategist at raymond james. david steinberg, dls capital managing partner. let's first start with mark. the take on the rally here. it is good news, bad news. this market seems to want to continue to plow higher. >> absolutely. we have some tax clarity. we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something rea
the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment...
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Jan 31, 2013
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the euro yet was at a 14-month high versus the dollar. and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you can see decleaners outpacing the decliners. we're down at the session low. down around .0. the spanish market down 1.5%. that's down to bank stocks. they're all off heavily because of santander. santander is europe's largest lender in the eurozone. stock off 2.3% today. there's 2012 net profit more than halved hurt by big losses in real estate, write-downs and property assets. also key growth spots as latin america down, as well. they're setting aside another 18 billion or 19 billion euros for provisions in 2012. they said they may still sell some more a
the euro yet was at a 14-month high versus the dollar. and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you...
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Jan 29, 2013
01/13
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well know that the european central bank has pledged to save the euro by doing whatever it takes. but now we see parts of asia, latin america taking the low rate directive. today, it was india to cut interest rates. one of the first asian economies to do so, aside, of course, from japan, which has been on a stimulus mode lately. so, based on that, the landscape looks good for stocks, an economic recovery, low rate
well know that the european central bank has pledged to save the euro by doing whatever it takes. but now we see parts of asia, latin america taking the low rate directive. today, it was india to cut interest rates. one of the first asian economies to do so, aside, of course, from japan, which has been on a stimulus mode lately. so, based on that, the landscape looks good for stocks, an economic recovery, low rate
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Jan 14, 2013
01/13
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euro hit an intraday high of $1.34, jumping 2.5% against the greenback. sandy? sandra: we're also watching dell shares. this is the big story. especially after trading we're still going to continue to watch this stock. the stock soaring today, reports surfacing that it is in talks with private equity firms over a potential buyout. david: joining us now is williams financial group director and research in equity capital markets is joining us by phone. first of all, is it going private and if so, how much >> you know, david i can't say if it's going to go private or not. we definitely get some specifics at least in some private equity being named, but whoever leaked something like this, if it is true, just cost somebody a little over 2 billion dollars today, so if it was going to go private, it could have done so much cheaper. sandra: i want to focus on the fact that the stock has taken a major hit over the past year, the past six months, it's up 28%, it has rebounded quite a bit from its lows last year. over the past year, however, it's lost about a quarter of it
euro hit an intraday high of $1.34, jumping 2.5% against the greenback. sandy? sandra: we're also watching dell shares. this is the big story. especially after trading we're still going to continue to watch this stock. the stock soaring today, reports surfacing that it is in talks with private equity firms over a potential buyout. david: joining us now is williams financial group director and research in equity capital markets is joining us by phone. first of all, is it going private and if so,...
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Jan 27, 2013
01/13
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the euro is the alternative and look at the problem they are having there. the dollar has gone down in value by 50% against the euro in the last decade. that's because our debt tripled in that amount of time 1971 the so-called nixon shock of wage and price controls and the gold standard ever since then since there has been dollar inflation. it has been fairly consistent in terms of its value, hasn't it? >> no. it's done with up and down. like i said, it's t. lost a tremendous amount of value against the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d b
the euro is the alternative and look at the problem they are having there. the dollar has gone down in value by 50% against the euro in the last decade. that's because our debt tripled in that amount of time 1971 the so-called nixon shock of wage and price controls and the gold standard ever since then since there has been dollar inflation. it has been fairly consistent in terms of its value, hasn't it? >> no. it's done with up and down. like i said, it's t. lost a tremendous amount of...
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Jan 15, 2013
01/13
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the euro is at an 11-month high against the dollar and the yen is scheduled to move lower if the bank of japan wants its way, and a lot of people are saying that could benefit gold in a big way which is starting to move higher again. what do you make of the currency wars going on right now? >> i think they are going to heat up and the central players where it heats up will be between germans and the japanese over exports of cars, but i agree with you, and i also think that if we look at how they are going to develop in the near term, i would think that the trigger for that will be when the dollar/yen, for example, gets above 90 and the euro/yen significant levels, and real quickly i've had a lot of e-mails about problems with our bills, but not the ones that you think. t-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from t
the euro is at an 11-month high against the dollar and the yen is scheduled to move lower if the bank of japan wants its way, and a lot of people are saying that could benefit gold in a big way which is starting to move higher again. what do you make of the currency wars going on right now? >> i think they are going to heat up and the central players where it heats up will be between germans and the japanese over exports of cars, but i agree with you, and i also think that if we look at...
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Jan 29, 2013
01/13
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least seven countries in europe in recession, germany may be headed for one as well especially if the euro keeps strengthening. tyler, back to you. >> michelle, thanks. lamborghini unveils a new roadster. it goes so fast you'll miss it if you flip the channel. you wouldn't think about doing it. we'll tell you about the cost. ceo of harley davidson is going to be in the room and tell us why his stock is climbing even though quarterly numbers missed forecast. keith wandell with us today. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ [ coughs ] [ angry gibberish ] [ justin ] mulligan sir. mulligan. take a mulligan. i took something for my sinuses, but i still have this cough. [ male announcer ] truth is, a lot of sinus products don't treat cough. they don't? [ male announcer ] nope, but alka seltzer plus severe sinus does it treats your worst sinus symptoms, plus that annoying cough. [ angry gibberish ] [ fake coug
least seven countries in europe in recession, germany may be headed for one as well especially if the euro keeps strengthening. tyler, back to you. >> michelle, thanks. lamborghini unveils a new roadster. it goes so fast you'll miss it if you flip the channel. you wouldn't think about doing it. we'll tell you about the cost. ceo of harley davidson is going to be in the room and tell us why his stock is climbing even though quarterly numbers missed forecast. keith wandell with us today....
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Jan 16, 2013
01/13
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keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german politics. >> is chthat what it is? >> they want to have it. they moved it out of germany because of the cold war, a threat the russians would take it. most of it is sitting in the new york fed in world war ii. most europeans moved it here during the war and moving it back. there's something tangible and viserable about having gold. >> the auditors called last october for an official suspicion of t inspections of the gold saying it has never been checked. >> that is trust to never check with the fed about your gold. >> have you ever been there? >> i
keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german...
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Jan 8, 2013
01/13
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dollar is the worst currency outside the euro. but i happen to also own gold i don't think it will go up right away and maybe we still have a correction of another 10% or so on the downside. i just think that government will print money and that there will be competitive devaluation, and so i want to have gold as an insurance. >> wow. but, am i right to read on that that you deem the u.s. dollar as the, you know, the best place to be in terms of currencies? you don't think -- >> i suppose. i mean, i also own singapore dollars, the singapore dollar is probably very good currency to own, down through my exposure to use the currency. but, i don't think that the euro is now a very desirable currency to own. and do we have a lot of problems as senator ron johnson explained just now, in the u.s., but we have the same problems, or even more in europe. so in the beauty contest of the ugliest currencies, the u.s. dollar is not winning. it's okay. and i think i'd rather be in dollars at the present time, than say euros. >> marc, that's fasc
dollar is the worst currency outside the euro. but i happen to also own gold i don't think it will go up right away and maybe we still have a correction of another 10% or so on the downside. i just think that government will print money and that there will be competitive devaluation, and so i want to have gold as an insurance. >> wow. but, am i right to read on that that you deem the u.s. dollar as the, you know, the best place to be in terms of currencies? you don't think -- >> i...
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Jan 10, 2013
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so that auction going well, spanish yields coming into euro. if i can give you a sense of what's happening in other markets, the euro is higher. european equities for the most part as you're looking there are mixed to flat. but here is a look at what's been grabbing our attention. up .3% to 1.31. that i just want to bring your attention to. the all of points down there, you're looking at the dollar/yen. that's the other major story that we continue to follow. 88 was the level breached in trade today as the yen continues to weaken by the dollar by .is 3%. we'll wait to see if we hear anything more specific. if the central banks were to cut rates, it would be a major surprise to the markets now. but if anything, this business strength that we see will be continued if the ecb doesn't deliver anything, gives us more of the same. that decision is due out shortly. we'll keep an eye out for it. bank of england is expected to keep rates roughly unchanged. back to you. >> kelly, thank you. it sounds like we have a lot more to come from europe. we will w
so that auction going well, spanish yields coming into euro. if i can give you a sense of what's happening in other markets, the euro is higher. european equities for the most part as you're looking there are mixed to flat. but here is a look at what's been grabbing our attention. up .3% to 1.31. that i just want to bring your attention to. the all of points down there, you're looking at the dollar/yen. that's the other major story that we continue to follow. 88 was the level breached in trade...
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Jan 16, 2013
01/13
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we're not even close. >> you have it in the euro zone, you have it in the uk, japan. you have deceleration in china. the u.s. is slow -- >> it's not even close. >> gary, what you are saying is the average gdp growth is going to be 2%, which is lower than 3.3% that is needed to hold unemployment rate steady, direct? so, in a year, we are going to see the unemployment rate pretty dramatically higher. >> well, that's right. if you look at the trade-off between unemployment and economic growth, it takes 3.3% real gdp growth to keep the unemployment rate stable. that's over the total post-world war ii period. at 2%, you would have a chronic rise of the unemployment rate by a little over one percentage point a year. >> mr. shilling, steve grasso. where do i go? do i go with utilities? where do i play this? and where is the timing? right after the debt ceiling debate? >> yeah, i sure wish i knew on the timing. i think right now, the way we're structuring sug sessigestions i portfolios, yeah, risk on but with caution. i would go for -- i would go for more defensive stocks, ut
we're not even close. >> you have it in the euro zone, you have it in the uk, japan. you have deceleration in china. the u.s. is slow -- >> it's not even close. >> gary, what you are saying is the average gdp growth is going to be 2%, which is lower than 3.3% that is needed to hold unemployment rate steady, direct? so, in a year, we are going to see the unemployment rate pretty dramatically higher. >> well, that's right. if you look at the trade-off between unemployment...
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Jan 9, 2013
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and the reason the ecb hasn't let the euro go. i think they're going to prep the markets next time for a cut. >> what are your levels? >> well, 131.20 was interesting. a level we tried to break through all fall. we finally got above it. now the market in the technicals should be support. it didn't hold the support. you want to go short the euro. >> are you a dollar bull overall? are you getting behind other trades on the basis that the greenback could go higher, higher interest rates in america? >> absolutely, simon. the dollar has this underlying bid ever since the fed minutes last week. it really seems like qe infinity is just to the end of 2013. the dollar rallying against the yen. i want to be short euro, right around current levels, right around 1.3050. put a stop loss above the old level, 1.50. and the break around 1.2850. >> thank you for your time. todd gordon joining us there from aspen trading. catch "money in motion" on fridays at 5:30 eastern with melissa. if you wanted more education about currencies, go to currency i
and the reason the ecb hasn't let the euro go. i think they're going to prep the markets next time for a cut. >> what are your levels? >> well, 131.20 was interesting. a level we tried to break through all fall. we finally got above it. now the market in the technicals should be support. it didn't hold the support. you want to go short the euro. >> are you a dollar bull overall? are you getting behind other trades on the basis that the greenback could go higher, higher...
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Jan 3, 2013
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>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a lot more on the long side as the funding issues from europe moderated a little bit. probably pushing it to a level that was not really sustainable. >> rick, what's out there is this notion that japan is purposefully weakening the yen, and so you get a little flight from the yen and it looks like in that flight the euro is catching more of the running money than the dollar is. i think that's one way to think about it. i also think that you don't have clarity here when it comes to the outlook for the u.s. fiscal policy. or the u.s. fed policy that doesn't really enjointer confidence in the greenback. ag
>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a...
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Jan 24, 2013
01/13
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euro/dollar, 1.3331. the eurozone did report that the current account surplus was the biggest on record at a level of something like 13 billion euros. repayments are likely to keep the ecb and effectively in a tightening mode. those two things put upward pressure on the euro. dollar/yen, a big move today. 1.16%. now, that means the yen is weakening against the dollar again and it comes after japan's trade deficit in 2012 was a record high. it follows a couple of days of yen strength. the aussie/dollar shedding 0.5%. apple's first quarter profits were relatively flat. it can still be forecast by looking at the bond wall there. to look at that corporate story which is, of course, driving much of the trade action we're seeing this morning. apple's fourth quarter profits relatively flat. they did beat forecasts. revenues were shy of estimates. it was a record, but it lags to the 50 million figure analysts had i'd. shares in china doubled. ipads are abruftly in line with forecasts. in a break with ra decision,
euro/dollar, 1.3331. the eurozone did report that the current account surplus was the biggest on record at a level of something like 13 billion euros. repayments are likely to keep the ecb and effectively in a tightening mode. those two things put upward pressure on the euro. dollar/yen, a big move today. 1.16%. now, that means the yen is weakening against the dollar again and it comes after japan's trade deficit in 2012 was a record high. it follows a couple of days of yen strength. the...
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Jan 2, 2013
01/13
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the one thing that hopefully the new euro focus on is putting a package like this to gather. with less scare tactics. we are able to come together as democrats, republicans to cut spending and raise revenue that reduces our deficit, protect for middle- class and provides avenues for people that are willing to work hard. for the investments that are necessary to grow, compete and we can settle this debate. or at the very least not have it be consuming all the time that it stops to our host of creating and meeting challenges for immigration, infrastructure, protecting our planet from harmful climate change, and protecting our children from horrors of gun violence. it is not just a possibility, it is our obligation for future generations. our work look forward to meet with each member of congress to meet this challenge in the new year. i hope that some people would get a couple of days off so that people can refresh themselves because we're going to a lot of work to do in 2013. thank you, everybody and happy new year. >> catherine: president obama has acknowledged that they have
the one thing that hopefully the new euro focus on is putting a package like this to gather. with less scare tactics. we are able to come together as democrats, republicans to cut spending and raise revenue that reduces our deficit, protect for middle- class and provides avenues for people that are willing to work hard. for the investments that are necessary to grow, compete and we can settle this debate. or at the very least not have it be consuming all the time that it stops to our host of...
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Jan 28, 2013
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i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen are sticking around. thank you for this great perspective this morning. >> if you have comments or questions about anything that you see here on squawk, e-mail us squawk@cnbc.com. >>> still ahead, a major blow to president obama. this was pretty interesting on friday. his nlrb recess appointments ruled unconstitutional and also puts cord ray, the cpcf -- >> consumer protection board. >> anything that either agency does now could be challenged. >> for 300 different rulings that they've made at this point? >> and how much is twitter really worth? another k
i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen...
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Jan 10, 2013
01/13
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other finance ministers, with the imf, with the world bank issues, and most importantly now, with the euro zone and the crisis there. >> excellent point, andrea. that was always part of the job, but it never mattered as much as it has since the financial crisis. look, there is a club of central bankers, there's a club of finance ministers. there's sort of overlapping circles within that club. jack lew is not known to come part of that club. for one central banker to call another in the middle of a crisis and say, hey, we're going to do this and be able to talk on the phone and to really address global financial issues in a hurry, i'm not saying jack lew can't be part of that. i know he also has spoken with a lot of these people in the past. he has talked to business executives on a pretty regular basis. as for his priors, he is not a member of that club. >> now, if he does have the chops to come up with a budget deal and real entitlement reform, and coming from a liberal to progressive background, having worked for tip o'neill, and i was told started out in politics in new york city with t
other finance ministers, with the imf, with the world bank issues, and most importantly now, with the euro zone and the crisis there. >> excellent point, andrea. that was always part of the job, but it never mattered as much as it has since the financial crisis. look, there is a club of central bankers, there's a club of finance ministers. there's sort of overlapping circles within that club. jack lew is not known to come part of that club. for one central banker to call another in the...
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Jan 28, 2013
01/13
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if we look at the euro/yen, it's at 21-month highs. if we look at the dollar/yen, it's a 31-month high. even though the pound is having a tough time against the eurozone, everybody's having a party against the yen. these cross trades have been one of the biggest surprises to many for 2013 thus far. and it hasn't taken long. the other thing, of course, durables today is one of the reasons we're up several basis points, again, along with stocks. but if you look at the proxy for capital spending, up only .2% for the month of december. that was a little disappointing and maybe one of the more important components of today's durable series. jim, back to you. >> thank you, rick. let's check out the latest news in energy. sharon? >> the fact that hess is exiting the refining business is a huge news for the oil industry, for the energy industry. it's also going to have a big impact for drivers along the east coast. wholesale gasoline prices up about 2% today. a lot of that has to do about this news from hess, as well as the fact, of course, th
if we look at the euro/yen, it's at 21-month highs. if we look at the dollar/yen, it's a 31-month high. even though the pound is having a tough time against the eurozone, everybody's having a party against the yen. these cross trades have been one of the biggest surprises to many for 2013 thus far. and it hasn't taken long. the other thing, of course, durables today is one of the reasons we're up several basis points, again, along with stocks. but if you look at the proxy for capital spending,...
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Jan 29, 2013
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the dollar is weaker against the euro today. actually wiebts up against the euro at 1.2448. gold prices up are by about $6 the last time we worked. at this point, up to $1,660 now. as joe mentioned, that fed meeting and the jobs report at the end of the week gives investors a lot to think about. joining us from chicago is kevin ferry at cronus futures management. also jeff sow. kevin, we ended lower yesterday, but the s&p was still above 1500. where does that leave us in terms of which way the momentum is headed? >> good morning. i would say what we call the point of control of futures is just below where we're trading right now. watch 1489. and so if you move below there, we call that the point of control which is what you'll see people who are long get more nervous. >> you said 1489? >> 1489 in the future if that breaks this morning. and the big story is what you're touching on with the ten-year note. people have come into the year with a heavy buy i can't tellace to sell bonds. and i think what you ran into yesterday after the good information as the market is doing bette
the dollar is weaker against the euro today. actually wiebts up against the euro at 1.2448. gold prices up are by about $6 the last time we worked. at this point, up to $1,660 now. as joe mentioned, that fed meeting and the jobs report at the end of the week gives investors a lot to think about. joining us from chicago is kevin ferry at cronus futures management. also jeff sow. kevin, we ended lower yesterday, but the s&p was still above 1500. where does that leave us in terms of which way...
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Jan 22, 2013
01/13
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the 20th euro this returning later this week. those are your headlines. back to you. cheryl: thank you very much. december existing home sales missing estimates for 160,000 houses sold, but that is a lot of optimism on the ground. a new survey shows realtors expect much better sales in 2013. joining me now with details in a fox business exclusive interview, coldwell banker ceo, budge huskey. let's talk about these numbers come existing home sales. what do you make of the drop in december and the optimism about 2013? >> if you look at the month over month drop, that is typical seasonality. far more relevant are the year-over-year figures. december this past year 2012, 2011 sales up an even more significant than that is what happened to median home prices is quoted by the national association of realtors up 11% year over year. inventory dropping to 4.4 months versus what is assumed to be equilibrium at six months, it is creating an environment of optimism we're seeing reflected in the survey from our agents. cheryl: money is basically free, inventory is low, great time
the 20th euro this returning later this week. those are your headlines. back to you. cheryl: thank you very much. december existing home sales missing estimates for 160,000 houses sold, but that is a lot of optimism on the ground. a new survey shows realtors expect much better sales in 2013. joining me now with details in a fox business exclusive interview, coldwell banker ceo, budge huskey. let's talk about these numbers come existing home sales. what do you make of the drop in december and...
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Jan 7, 2013
01/13
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it's part of the effort to abide by a new euro zone for a balanced budget. >>> back here at home. country's top diplomat is back on the job at least for a while. james rosen tells us secretary of state hillary clinton is off the disabled list to fill the remaining time. >> the selling presented her from a gift from all of us. she said, as you know, washington is contact sport. inside it was a football helmet with the state department seal and also a football jersey that said clinton on the back and on the front it says number 112 which symbolizes the number of countries she has visited as secretary of state. she loved it. she thought it was cool. being hillary clinton she wanted to get back to business. >> reporter: that meant ordering state department officials to get cracking on implementing all the recommendations for enhanced security that was proposed by the accountability review board that investigated the attacks in benghazi and clinton remains committed to testify about benghazi before she leaves office. >> she is prepared to do it at open session. >> at no point again thi
it's part of the effort to abide by a new euro zone for a balanced budget. >>> back here at home. country's top diplomat is back on the job at least for a while. james rosen tells us secretary of state hillary clinton is off the disabled list to fill the remaining time. >> the selling presented her from a gift from all of us. she said, as you know, washington is contact sport. inside it was a football helmet with the state department seal and also a football jersey that said...
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Jan 18, 2013
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one more look at the euro as well versus the dollar. been quite a week for them. we were over $1.33 yesterday. currently just a shade below at $1.32.96. want to update you on the hostage crisis at a natural gas plant in algeria. conflicting reports about the number of hostages released. we've been working that story back at headquarters. >> hey, carl. thank you so much. it's clear that the hostage rescue operation is ongoing. it is a very fluid situation. british prime minister david cameron telling parliament this morning that algerian forces are still pursuing terrorists and trying to bring hostages to safety. he also offered new information on the attack. >> it appears to have been a large, well coordinated, and heavily armed assault and it is probable that it had been preplanned. >> now, details of the rescue operation remain unclear but we are seeing the first images of some freed hostages arriving at a hospital in algeria. the total number of people dead or injured remains in question due mainly to the fact that the gas plant is located in such a remote area
one more look at the euro as well versus the dollar. been quite a week for them. we were over $1.33 yesterday. currently just a shade below at $1.32.96. want to update you on the hostage crisis at a natural gas plant in algeria. conflicting reports about the number of hostages released. we've been working that story back at headquarters. >> hey, carl. thank you so much. it's clear that the hostage rescue operation is ongoing. it is a very fluid situation. british prime minister david...
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the euro actually slipping back as the trading day has gone on. we'll be right back. everything you can fit vo: in this bag is 20% off. saving 2er on evngything your company needs. it's a big deal. check your dember 30th sunday paper or print the coupon at officemax.com. >> 21 minutes past the hour i'm uma pemmaraju with your fox news minute. new jersey governor chris christie saying house majority and speaker boehner are only group to plame for inaction on hurricane sandy relief. president obama is urging the house to vote on the bill without delay. new york lawmakers from both parties lashed out at the decision by house gop leaders pulling measure calling it a betrayal. house speaker boehner says hurricane cain sandy relief is. >>> penn state is suing for the harsh penalties. korb bret is saying the sanctions which include a $60 million harm past, present and future students. >>> students ho attended sandy hook elementary school in newtown, connecticut will go to class tomorrow in a former middle school in nearby monroe. a open house is being he
the euro actually slipping back as the trading day has gone on. we'll be right back. everything you can fit vo: in this bag is 20% off. saving 2er on evngything your company needs. it's a big deal. check your dember 30th sunday paper or print the coupon at officemax.com. >> 21 minutes past the hour i'm uma pemmaraju with your fox news minute. new jersey governor chris christie saying house majority and speaker boehner are only group to plame for inaction on hurricane sandy relief....
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Jan 10, 2013
01/13
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somebody just wrote it's quake to are a euro bear at the moment. the stock markets conversely were taken further into negative territory. let's look at the three major indices. can you see the way in which they tracked down during the course of the segts. the other thing that i should mention to you before i hand you back is in advance of the ecb today, the spanish had a very good auction of debt. they deliberately were defensive and auctioned a two-year debt, which is exactly the direction the ecb would come in to buy debt if there was an emergency. i think this is a ten-month flow now on the spanish two-year yield but what a trek it has been during the course of the last year. >> nice way to start the year anyway, in spain anyways. let's get back to the news desk. michelle? >> it was about half an hour ago that representatives cummings and waxman released documents that might suggest the current ceo of walmart knew about allegations of bribery in mexico in early 2000. there are some other interesting stuff. there's also a link drawn to the former
somebody just wrote it's quake to are a euro bear at the moment. the stock markets conversely were taken further into negative territory. let's look at the three major indices. can you see the way in which they tracked down during the course of the segts. the other thing that i should mention to you before i hand you back is in advance of the ecb today, the spanish had a very good auction of debt. they deliberately were defensive and auctioned a two-year debt, which is exactly the direction the...
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Jan 25, 2013
01/13
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positive comments, relinch aunc the euro. >> i remember when euro was in the last debt gross. wrong. >> great britain, uk, still eurozone. >> a lot of commotion down here. we look at the live feed from davos, switzerland. >> they're not happy. [ bell ringing ] >> at the nasdaq, starz celebrating its spin-off from liberty media. >> there's speculation about starz. but when i talked to a number of people who run various media companies, it might have been considered as buyers of that. they're saying, not me, check with that guy, and he said, not me, check with that other guy. we'll see if there's a potential acquirer of starz. >> netflix yesterday in the conference call, hastings was saying the great cable channels need us. you can't just jump in. before "breaking bad" you need a stream. >> netflix stepped in where starz has stepped out. >> s&p gainers for the year, netflix number one. >> is that true? >> up almost 59%. number two. best buy, number three dell, if you can believe that. >> name me three stocks that have come back from the dead. >> that would be dell, best buy and
positive comments, relinch aunc the euro. >> i remember when euro was in the last debt gross. wrong. >> great britain, uk, still eurozone. >> a lot of commotion down here. we look at the live feed from davos, switzerland. >> they're not happy. [ bell ringing ] >> at the nasdaq, starz celebrating its spin-off from liberty media. >> there's speculation about starz. but when i talked to a number of people who run various media companies, it might have been...
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Jan 30, 2013
01/13
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don't forget, the euro 135. these are bullish things for our country. >> this will probably be revised, you figure, jim. >> it's one off. i don't want to take action on it. >> jim, what do you do about boeing this morning? >> it's not an earnings play. it's a play on when the battery will be fixed. the company is making for tups. i don't want to touch it until i know there's a solution. otherwise this is the last good quarter. >> what do you know about blackberry this morning? >> look, you know, we don't like apple any more in the market and apple is killing r.i.m. we don't trade samsung. samsung's killing r.i.m. who's not killing r.i.m. nokia? >> we had an analyst saying all the things that were bad about amazon and how this is ahead. every time he said something bad, i played that -- >> i saw it. i saw it. i know. >> he looked over at the monitor, i think he thought jeff was listening for a minute. >> he was also thinking, oh, man, now i won't be able to talk to bassos anymore. >> that was a great interview. >
don't forget, the euro 135. these are bullish things for our country. >> this will probably be revised, you figure, jim. >> it's one off. i don't want to take action on it. >> jim, what do you do about boeing this morning? >> it's not an earnings play. it's a play on when the battery will be fixed. the company is making for tups. i don't want to touch it until i know there's a solution. otherwise this is the last good quarter. >> what do you know about blackberry...
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Jan 18, 2013
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along with the euro/yen, dollar/yen, big performer, fresh 30-month highs as we hover and debate whether we close above 90 and very aggressive pro dollar but anti-yen trade with regard to pressure due to inflation issues by the bank of japan. tyler, it's all yours. >> rick, let's go to phil lebeau now for breaking news. >> tyler, we had some of our crew in washington catch up with secretary of transportation ray lahood. he was addressing the u.s. conference of mayors. after he addressed mayors we had the chance to ask him about the dreamliner and grounding. remember just last friday he was very public in saying these planes are safe. i would fly one immediately if i had a chance. well we asked him today what he thinks about those comments and about the dreamliner being grounded. sheer what he had to say. >> the reason that we grounded it is because we did further consultation with boeing and there was another incident. so those planes aren't flying now until we really have a chance to examine the batteries. those planes aren't going to fly until we are a thousand percent sure that they a
along with the euro/yen, dollar/yen, big performer, fresh 30-month highs as we hover and debate whether we close above 90 and very aggressive pro dollar but anti-yen trade with regard to pressure due to inflation issues by the bank of japan. tyler, it's all yours. >> rick, let's go to phil lebeau now for breaking news. >> tyler, we had some of our crew in washington catch up with secretary of transportation ray lahood. he was addressing the u.s. conference of mayors. after he...
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the euro up against the dollar. the pound up against the dollar. euro 1.31 testing recent highs, and meanwhile, up against the green back unless you have the mexican peso, we'll be right back. lauren: i'm lauren green with your fox news minute. stranded after the coast is now under tow. successfully pulled from the island where it ran aground in a vicious storm a week ago. the rig is being toed at four miles per hour approaching the alaska coast where crews can determine if there's damage. shell says no evidence that the vessels' 150,000 gallons of fuel leaked into the ocean. the set dates to hear arguments in two gay marriage cases. california's proposition 8 on same-sex marriage will be heard march 26 #th, and the defense of marriage act is heard the following day on march 27th. new violence in syria after president assad's declaration that he will not step down in a public address, he announced only he dictates the end of the civil war, a 21-month conflict costing more than 60,000 lives so far. those are your headlines. back to ashley. ashley: l
the euro up against the dollar. the pound up against the dollar. euro 1.31 testing recent highs, and meanwhile, up against the green back unless you have the mexican peso, we'll be right back. lauren: i'm lauren green with your fox news minute. stranded after the coast is now under tow. successfully pulled from the island where it ran aground in a vicious storm a week ago. the rig is being toed at four miles per hour approaching the alaska coast where crews can determine if there's damage....
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Jan 8, 2013
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jon, if there is any is that business and consumer confidence is up in the euro zone. some studies are showing, and basically the market turmoil has sort of calmed down, but still the labor markets are really the drain on the situation now, and with bank lending down precipitously there is talk that the european central bank may need to come up with some new measures to stimulate economy, possibly loring interest rates. they are having a rate-setting meeting this thursday. jon: and i'm guessing their actual unemployment rate is a lot higher than the 11.8% that -- >> that is an average across the block, jon, so it's lower in some countries, and as you see really high in places like spain, and youth unemployment, crazy 50% in places like greece. jon: wow, let's hope that is not a glimpse into our future. amy kellogg, thanks. jenna: a new flare-up of violence between new nuclear armed countries. india accusing pakistan of killing two of its soldiers while on patrol near the highly disputed region of kashmir. this comes two days after a fight in which pakistan claims one o
jon, if there is any is that business and consumer confidence is up in the euro zone. some studies are showing, and basically the market turmoil has sort of calmed down, but still the labor markets are really the drain on the situation now, and with bank lending down precipitously there is talk that the european central bank may need to come up with some new measures to stimulate economy, possibly loring interest rates. they are having a rate-setting meeting this thursday. jon: and i'm guessing...
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Jan 19, 2013
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it's an enough euro. there's a lot to celebrate the missa please join us. does you on,.com, please. the runoffs come over and continue the conversation the place remains to be happening. they take one more for you have it. >> is a hammer computer situation. we actually support the border protection. i actually have a question for mayor stanton. he mentioned some of the divisive policies at the state and county level. how have you or how are you combating that in order to bring business back to the city and the state? >> thank you for the question. high-profile position as mayor of phoenix, largest city in the state. trying to send a message to the three. divisiveness. we tried decisiveness. it's not good for the business cycle in our community. so mayor rothschild and i have traveled twice already on trade missions to mexico. they're going to go back over and over again. i want to send a message that relationship is critically important to our community, that were focusing on the right things. economic development, jobs, education. the right public policy for state has hurt us in te
it's an enough euro. there's a lot to celebrate the missa please join us. does you on,.com, please. the runoffs come over and continue the conversation the place remains to be happening. they take one more for you have it. >> is a hammer computer situation. we actually support the border protection. i actually have a question for mayor stanton. he mentioned some of the divisive policies at the state and county level. how have you or how are you combating that in order to bring business...
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Jan 11, 2013
01/13
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euro coming in at 1.326. and the dollar/yen is at 88.87. gold prices at this point are down by about $9. 1,669 an ounce. >>> it's now time for the global markets report. ross westgate is standing by in london this morning. good morning, ross. >> andrew, good morning to you. we're pretty flat in european markets as evidenced by the wall behind me. european stocks in general closing yesterday at two-year highs. the ftse yesterday closing above 6,100 for the first time since may 2008. so not quite the five-year high of the s&p but not far behind. we're seeing the ftse pretty flat as with most of these markets. you have been taking a look at these markets. we saw the 12-month borrowing cost at a three-year low. and today at auction, three-year yield in italy down a little bit. hitting under 2% at 1.85%. they raised 2.5 billion. that is the lowest we've seen on italian auction yields for that three year in march 2010. so continuing lower borrowing costs for italy and, of course, for spain we saw yesterday. now, the -- there we go. 1.9% is the ca
euro coming in at 1.326. and the dollar/yen is at 88.87. gold prices at this point are down by about $9. 1,669 an ounce. >>> it's now time for the global markets report. ross westgate is standing by in london this morning. good morning, ross. >> andrew, good morning to you. we're pretty flat in european markets as evidenced by the wall behind me. european stocks in general closing yesterday at two-year highs. the ftse yesterday closing above 6,100 for the first time since may...
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Jan 8, 2013
01/13
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will you be afraid it could be much worse, euro crisis or debt ceiling or china hard landing, would it really spook you to the point that you get more nervous. nobody's bearish about earnings right now. they aren't. people think it's a -- the numbers are too high and they'll slowly come down, but they're not worried about a recession like they were in the fall, summer and fall of 2011. look, i think the earnings numbers will come down. if the multiple expands, it will be because people believe the policy will be there forever. if you're me, you're worried a little bit more about the fed balance sheet and the fact that it obviously robs from the future to do this unconventional policy. i don't really want to gamble that is a great long-term strategy. >> we've got to wrap up. i give you a lot of credit. you work for a firm that's got a year's retail platform and probably benefits from people buying stocks. do you ever get pressure from management at all? >> never at all. to be honest, i work at a firm with a bunch of great people. my job is to make people think. when you have a framework
will you be afraid it could be much worse, euro crisis or debt ceiling or china hard landing, would it really spook you to the point that you get more nervous. nobody's bearish about earnings right now. they aren't. people think it's a -- the numbers are too high and they'll slowly come down, but they're not worried about a recession like they were in the fall, summer and fall of 2011. look, i think the earnings numbers will come down. if the multiple expands, it will be because people believe...
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Jan 24, 2013
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it's down against the euro, which is at 11-3358. and gold prices are down, $1,678.20 an ounce. >>> michael corbett says the bank has the right status to generate future growth. speaking at the world economic forum in davos, he tells cnbc that several years worth of revamping efforts are beginning to pay off. >> over the last year, we've simplified the company a lot the. we've become smaller, we've become simpler. >> corbat took over in october after the resignation of chief vickram pandit. >> very sharp in the stripes. >> yeah. >> the gegco, do we have a shot at him? >> no. >> that looks pretty good. there's product in there. what do you think, it's water? there is product. and, you know -- >> davos, they tend to walk out with wet hair and it turns to ice. >> but people don't look that good in davos, normally. >> that's true. >> he looks like a banker there. i think he has a lot of potential as far as his looks go. in the world economic forum in davos is in full swing. let's get to andrew buzzing in the mountains of switzerland. you
it's down against the euro, which is at 11-3358. and gold prices are down, $1,678.20 an ounce. >>> michael corbett says the bank has the right status to generate future growth. speaking at the world economic forum in davos, he tells cnbc that several years worth of revamping efforts are beginning to pay off. >> over the last year, we've simplified the company a lot the. we've become smaller, we've become simpler. >> corbat took over in october after the resignation of chief...